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News and information on bankruptcy and bankruptcy law
By Tony Sabine | April 23, 2024
The downturn in the Chinese property sector is creating new prospects in Hong Kong, both for firms looking to cash in on the need for professionals with expertise in restructuring and insolvency and for a city looking to cement its status as a legal hub.
5 minute read
By Dario Sabaghi | April 18, 2024
Some major firms are restructuring their practices ahead of the new bankruptcy law entering into effect.
6 minute read
By Kasvi Sehgal | April 17, 2024
The news comes as the UK apparel company ramps up efforts to avoid an insolvency process.
2 minute read
By Kasvi Sehgal | April 5, 2024
The restructuring specialist discusses his move from one of the world's biggest investment companies and his plans at Paul Hastings' London office.
7 minute read
By Habiba Cullen-Jafar | March 21, 2024
Several UK retail brands have appointed administrators this year, with McDermott also securing a role.
3 minute read
By Christopher Niesche | March 15, 2024
Maria O'Brien is the latest insolvency partner to switch firms in the country.
2 minute read
By Kasvi Sehgal | February 15, 2024
The transactions come as statistics on Thursday showed the UK entered a recession towards the end of 2023.
3 minute read
By Rick Mitchell | February 6, 2024
Many factors, including heavy debt loads and tight financing markets, are making troubled companies prime M&A targets, either for 'a change of control or for major carve-outs,' one lawyer said.
7 minute read
By Jessica Seah | January 30, 2024
Outside of China's property crisis, activity in the restructuring realm has been muted in Asia. But now that Sidley Austin has sewn up the market on China real estate, how will rival firms shape up?
6 minute read
By Jessica Seah | January 29, 2024
In court, Evergrande was represented by Des Veoux Chambers silk, Jose-Antonio Maurellet, SC. Advising on its restructuring is Sidley Austin.
4 minute read
By Francis J. Lawall and Heather P. Smillie | May 3, 2024
In a recent decision, the U.S. District Court for the District of Delaware upheld a bankruptcy court's ruling that a liquidating trust had the authority to pursue not only estate causes of action, but also third-party claims held by preference defendants and turned over to the trust as part of preference claim settlement consideration.
8 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield told Law.com. "There is substantial opposition to this."
5 minute read
By Amanda Bronstad | May 1, 2024
Wednesday's proposed plan immediately got pushback from lawyers representing ovarian cancer victims: "This is not a done deal," Beasley Allen's Andy Birchfield said. "There is substantial opposition to this."
5 minute read
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
Delaware Business Court Insider
By Ellen Bardash | April 26, 2024
The Boy Scouts of America, which filed for Chapter 11 in the District of Delaware in February 2020 and has since had a reorganization plan confirmed, faced more abuse claims than had been brought in any bankruptcy case before. A new bill in Congress would address such cases.
4 minute read
By Amanda O'Brien | April 25, 2024
"The debtor is not a going concern, and its proposed plan will not maximize the value of the estate," U.S. Bankruptcy Judge Patricia Mayer said in an opinion.
4 minute read
By Amanda O'Brien | April 24, 2024
The firm acknowledged expected difficulties in convincing creditors to confirm its bankruptcy plan.
3 minute read
By Corinne Ball | April 24, 2024
In March, the Seventh Circuit held that the same safe harbor provisions in the Bankruptcy Code may also extend to leveraged acquisitions structured as a purchase of privately held stock.
10 minute read
Delaware Business Court Insider
By Lawrence J. Kotler | April 24, 2024
The equity owner asserted that the confirmation order that was previously entered by the court should be revoked based on the equity owner's claim that value was lost due to improper sale and marketing efforts by the debtors and its professionals both pre- and post-bankruptcy and, as such, they should have been "in the money" and entitled to a distribution under the confirmed plan.
11 minute read
By Amanda Bronstad | April 22, 2024
Friday's verdict against Johnson & Johnson, in Chicago's Cook County Circuit Court, is the first for a mesothelioma victim since two failed talc bankruptcies last year—and a groundbreaking win for Dallas-based Dean Omar Branham Shirley.
5 minute read
Celebrate outstanding achievement in law firms, chambers, in-house legal departments and alternative business structures.
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The Legal Intelligencer honors lawyers leaving a mark on the legal community in Pennsylvania and Delaware.
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MELICK & PORTER, LLP PROMOTES CONNECTICUT PARTNERS HOLLY ROGERS, STEVEN BANKS, and ALEXANDER AHRENS
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